Not-for-profit organizations deal with donor funds thus they work in fiduciary capacity and are expected to demonstrate highest forms of accountability. Further, not-for-profit organizations are inherently obliged to conduct their affairs in a transparent and prudent manner. All transactions and decisions should be made keeping the interest of the organization in mind. Therefore, all individualsRead More
Category: Governance
CEO and the Board
A basic tenet of good governance is that the Management and Governance be kept separate. A line of distinction between the Governance and the Management should be demarcated in terms of their roles and responsibilities. The responsibility of the Board is to steer the organization in the right direction in order to attain its visionRead More
Can a paid employee be on the Board??
Board Members play a crucial role in non-for profit organizations. They are the trustees who hold the organization in trust. The ultimate accountability of the organization rests with them. As a part of good governance practice, the Board has to be independent of the Management and should not take up executive role. The CEO andRead More